又一央行凌晨宣布，降息25个基点

Core Viewpoint - The Bank of Mexico has lowered the benchmark interest rate by 25 basis points to 7.50%, marking the eleventh rate cut since the start of the easing cycle in early 2024, aimed at addressing a weak economic environment [1][7]. Economic Outlook - A survey of 24 economists indicated expectations for the Bank of Mexico to reduce the key rate to 7.50% during the September 25 meeting, with projections suggesting a further decline to 7.00% by the end of 2024 and additional cuts in 2025 [3]. - The Bank of Mexico anticipates a slowdown in global economic activity in the third quarter of 2025 compared to the previous quarter, influenced by ongoing trade tensions and a deceleration in both global and U.S. economies [3][4]. Inflation Trends - The overall inflation rate in Mexico rose from 3.51% to 3.74% between July and mid-September, while core inflation slightly increased from 4.23% to 4.26% [4]. - The Bank of Mexico has adjusted its overall inflation forecast, expecting it to reach the target level of 3% by the third quarter of 2026, despite a slight upward revision in core inflation predictions [4][7]. Monetary Policy Considerations - The decision to lower the benchmark rate was influenced by the assessment of current inflation conditions, exchange rate trends, and the impact of global trade policy changes [7]. - The Bank of Mexico's board will continue to evaluate the possibility of further rate cuts, ensuring alignment with the goal of achieving a sustainable convergence of overall inflation to the target [7].